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The Korean personal care encapsulating materials market is expected to reach $59,880 thousand by 2023, from $25,268 thousand in 2016, registering a CAGR of 10.9% during 2017-2023. The topical and transdermal distribution of active cosmetic ingredients require a non-toxic, safe mode of reaching the target site without irritation. Safeguarding the active cosmetic ingredients is crucial during preparation, storage, and use of the final product. Biologically active substances are usually unstable and sensitive to pH, temperature, light, and oxidation. Hence, they require encapsulation to protect against degradation, and also for controlled release of the active substance. Encapsulation technology is used for protecting bio-active ingredients such as polysaccharides, proteins, lipids, synthetic polymers, and others. Encapsulation materials are used in shower gels, soaps, wrinkle creams, color cosmetics, aromatherapy products, and others.

The Korean personal care and cosmetics industry is 10th largest in the world. The market has witnessed 10% annual growth in the recent years. The major trends in the Korean cosmetics industry includes shift towards nature-oriented and eco-friendly products. This trend has significantly increased the demand for new natural, organic, and functional ingredients, and has presented new business opportunities. In addition, high standards of living and growth in geriatric population have augmented the demand for personal care products in Korea. This in turn has boosted the demand for encapsulation of active ingredients used in these personal care and cosmetics products in Korea. The use of encapsulation technique allows controlled release of ingredients to optimize their effectiveness.

The Korea personal care encapsulating materials market is segmented on the basis of material type and application. Based on material type, the market is segmented into polysaccharides, proteins, lipids, synthetic polymers, and others. The polysaccharides segment is bifurcated into gums, starches, celluloses, cyclodextrins, and chitosan.

The proteins segment is classified into gelatin, casein, and soy proteins. The lipids segment is segmented into waxes, paraffins, and oils. The synthetic polymers segment is bifurcated into acrylic polymers, polyvinyl alcohol, and poly (vinylpyrrolidone). The application areas of the industry are shower & bath gels, color cosmetics, wrinkle creams, soaps, aromatherapy products, and others.

The prominent players in the Korean personal care encapsulating materials market have strategically focused on product launches as their key strategy to gain significant shares in the market.

This report provides an extensive analysis of the current trends and future projections of the Korean personal care encapsulating materials market.In-depth analysis of the industry is conducted through market estimations of key segments for the period of 2016-2023.Competitive intelligence of leading manufacturers and distributors of personal care encapsulating materials helps in understanding the competitive scenario in Korea.Comprehensive analysis of factors that drive and restrain the growth of the Korean personal care encapsulating materials market is provided in the report.Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.The key players are profiled along with their strategies to determine the competitive outlook of the market.

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Korea Personal Care Encapsulation Materials Market Report, stats that the Korea market was valued at $25,268 thousands in 2016, and is projected to reach $59,880 thousands by 2023, growing at a CAGR of 10.9% from 2018 to 2023. The proteins segment is expected to witness the fastest CAGR during the forecast period.

Encapsulation is a technique in which tiny particles are protected by coating them to form small capsules. Encapsulation offers control of deposition of active ingredients. In addition, encapsulating unstable components in a lipid-based micro particle decreases volatility and prolongs protection of the treated skin. The technique is used to isolate components or other materials from potentially stressful conditions that can adversely affect the performance of a product. Encapsulation materials are used in a variety of applications such as food, pharmaceuticals, personal care & cosmetics, textiles, and others.

The Korean personal care encapsulating materials market is driven by high demand for personal care products such as anti-aging creams, shower and bath gels, and color cosmetics. Moreover, high standards of living, and rapid geriatric population have supplemented the demand for organic, natural, and functional cosmetics products. This upward trend is anticipated to continue during the forecast period, which is expected to boost the personal care encapsulating materials market in Korea. The export of cosmetics from Korea has grown in the recent years. High demand for personal care and cosmetics from international markets is expected to fuel the demand for encapsulation materials in Korea.

Polysaccharides segment is expected to maintain its dominance in the Korea market during the forecast period. The lipids segment is anticipated to grow at the highest CAGR during the forecast period. Based on application, the color cosmetics and wrinkle creams segments are expected to contribute the maximum shares in the Korea personal care encapsulation materials market

In terms of value, the lipids segment is expected to grow at a CAGR of 11.8% during the forecast period.The color cosmetics and wrinkle creams application segments are expected to account for more than half of the total market by 2023.The chitosan segment is projected to register a CAGR of 9.1% in terms of value during the forecast period.The soy proteins and paraffin segments are expected to grow CAGRs of 12.0% and 12.4%, respectively, in terms of value during the forecast period.The major companies profiled in the report include Sumitomo Corporation, Biogenoci Co. Ltd., and Durae Corporation. Persperse Corporation is a key supplier of encapsulation materials in Korea. Sumitomo Corporation acquired Persperse Corporation as a part of its strategy to expand its presence in Korea